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South Korea signals tougher stance on cartels with fines, price controls

By Wooyoung Lee ( February 4, 2026, 00:14 GMT | Insight) -- South Korean President Lee Jae Myung and senior cabinet members, including the chairman of the Korea Fair Trade Commission, have outlined a series of potential policy changes that could significantly strengthen the country’s cartel-enforcement framework.South Korea is signaling a tougher stance on cartel enforcement through stronger fines, active use of price controls and broader criminal referrals, with the measures discussed during a cabinet meeting chaired by President Lee Jae Myung....

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